Arizona Governor Katie Hobbs vetoed the Digital Assets Strategic Reserve bill that would have allowed the state to invest up to 10% of public funds in Bitcoin

Event date

May 2, 2025

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Arizona Governor Katie Hobbs has blocked a bill passed recently by the state's legislature that would have allowed the state's treasurer and retirement systems to invest up to 10% of their funds in virtual currencies such as bitcoin.

Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.

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Week 18 of 2025